Teucrium 2x Daily Wheat ETF (NYSEARCA:WXET) Short Interest Down 62.0% in August

Teucrium 2x Daily Wheat ETF (NYSEARCA:WXET) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,458 shares, a decrease of 62.0% from the August 15th total of 22,239 shares. Based on an average daily volume of 34,247 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.8% of the shares of the stock are short sold.

Teucrium 2x Daily Wheat ETF Stock Performance

Shares of Teucrium 2x Daily Wheat ETF stock traded down $1.09 during midday trading on Friday, reaching $24.02. The company had a trading volume of 24,050 shares, compared to its average volume of 25,509. The stock has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $20.37. Teucrium 2x Daily Wheat ETF has a 1-year low of $14.52 and a 1-year high of $28.83.

Teucrium 2x Daily Wheat ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 25th were paid a $0.0331 dividend. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 25th.

Teucrium 2x Daily Wheat ETF Company Profile

The Teucrium 2x Daily Wheat ETF (WXET) is an exchange-traded fund that mostly invests in wheat commodities. The fund is an actively managed fund that seeks 200% the daily price performance of wheat futures. The fund invests via a subsidiary that holds the contracts WXET was launched on Dec 12, 2024 and is issued by Teucrium.